| Mobile Web

Search results for Financial Instruments and Exchange Act

Crypto

SBI Holdings in talks to acquire stake in Japan\'s crypto exchange Bitbank

SBI Holdings is negotiating to acquire a stake in Japanese cryptocurrency exchange Bitbank, The Block reported on May 1. The move aims to bring Bitbank in as a consolidated subsidiary and strengthen SBI Holdings\' position in Japan\'s crypto market. Chairman and CEO Yoshitaka Kitao (요시타카 키타오) said the company submitted a letter of intent and began talks on capital and business cooperation. SBI Holdings plans to proceed after due diligence and internal procedures.

Crypto

Japan pushes bill to classify cryptocurrencies as financial products, cuts tax rate

Japan has approved a bill to amend the Financial Instruments and Exchange Act to classify cryptocurrencies as financial products. The country also introduced a new tax system that would replace a top progressive rate of 55 percent on crypto gains with a single 20 percent rate. The proposal would apply stock-market insider-trading rules to crypto trading and require issuers to disclose information at least once a year. It is expected to take effect in fiscal 2027 if passed in the current parliamentary session.

Crypto

Japan to regulate cryptocurrencies like stocks, ban insider trading, mandate disclosure

Japan\'s cabinet has approved a bill to classify cryptocurrencies as financial products and bring crypto assets under the Financial Instruments and Exchange Act framework applied to securities such as stocks, Nikkei reported. If passed during the current Diet session, it could take effect as early as fiscal 2027. The rules would ban insider trading and require annual disclosures by issuers. Penalties for unregistered operations would rise, and the Securities and Exchange Surveillance Commission would gain expanded oversight powers.